The NU Venture Challenge & Student Business Ideas

At most universities, the different schools (business, law, medical, graduate, undergraduate, etc.) don’t have a great deal of interaction.  One may teach the other, but rarely do they work together on projects.  But why?  Really, why?  The business accumen of a Kellogg MBA can compliment the medical expertise of a Feinberg student and the energy of an undergrad.

The NU Venture Competition, which I am at right now, is part of an attempt to break those barriers.  This competition is a new business idea competition – 3 minute pitches, 3 minutes of questions (more like grillings).  28 teams are presenting ideas – from social networks to medical devices.  What’s interesting about the competition, though, is the composition of the teams.  Because of mixers and socials held for the event in the winter and early spring, many of these teams have members from multiple schools.  Engineers meet MBAs who can help get their inventions mainstream or a law student joins a team to help with the patents.

I’m interested to see what other schools do to encourage this type of collaboration.  I’m betting that the more entrepreneurial a campus, the more likely this type of collaboration occurs.  And I believe this is ideal for the success of new ideas and for changing the world.